Guideline Value for Khana Bagh 3rd Lane

Khana Bagh 3rd Lane guideline value

The current guideline value of Khana Bagh 3rd Lane is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Khana Bagh 3rd Lane has changed

The guideline value for Khana Bagh 3rd Lane has seen several revisions over the years. The oldest available figure is from 2012, where the guideline value was Rs 6,000 per sq.ft. This value was revised to Rs 4,020 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the guideline value increased significantly by 49% to reach Rs 6,000 per sq.ft. The most recent revision in 2024 has further increased the value to Rs 6,600 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, when looking at the changes from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value for these streets is Rs 6,600 per sq.ft, which is the same as the current value for Khana Bagh 3rd Lane.

• Khana Bagh 2nd Lane: Rs 6,600 per sq.ft (2024)
• Khanabagh 4th Lane: Rs 6,600 per sq.ft (2024)
• Khanabagh 1st Lane: Rs 6,600 per sq.ft (2024)
• Khanabagh Street: Rs 7,700 per sq.ft (2024)
• Kidabath Khan Street: Rs 6,600 per sq.ft (2024)
• Koya Arunagiri 1st Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Khana Bagh 3rd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, making the total fees together Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Khana Bagh 3rd Lane?

The Sub Registrar Office that covers Khana Bagh 3rd Lane is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Triplicane

The guideline value is a crucial factor in property transactions in Triplicane. It serves as the minimum value for which a property can be registered. During the registration process, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs reflect the official valuation of the property.

When buying or selling property, it is essential to be aware of the guideline value as it impacts the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Khana Bagh 3rd Lane?

The current guideline value of Khana Bagh 3rd Lane is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,000 per sq.ft in 2023 to Rs 6,600 per sq.ft in 2024, an increase of 10%. It was Rs 4,020 per sq.ft in 2017, showing a 49% increase from that year to 2023.

What is the land classification for Khana Bagh 3rd Lane?

Khana Bagh 3rd Lane falls under the Residential Class I Type - I land classification.

Where can I find the Triplicane Sub Registrar Office?

The Triplicane Sub Registrar Office is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is stamp duty calculated for properties in Khana Bagh 3rd Lane?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 66,00,000, the stamp duty at 7% would be Rs 4,62,000.